Is Marion County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Marion County has remained a Seller's Market.
Housing Prices in Marion County, IN
How much do homes in Marion County, IN cost?
Median Sold Price
$235,020
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Marion County was $235,020 in February 2024, the same as last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.4K | $163.7K | +9.6% |
2 Bedrooms | $170K | $178.3K | +4.9% |
3 Bedrooms | $229.9K | $229.9K | 0.0% |
4 Bedrooms | $308.2K | $300K | -2.6% |
5+ Bedrooms | $434.3K | $406.5K | -6.4% |
Summary: Marion County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 4.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Counties
Hamilton County | $394.8K | $415.2K | +5.2% |
Johnson County | $289.9K | $298.9K | +3.1% |
Hendricks County | $321.2K | $323.3K | +0.7% |
Hancock County | $333.4K | $335.4K | +0.6% |
Marion County | $234.9K | $235K | 0.0% |
Housing Supply in Marion County, IN
How many homes are available in Marion County, IN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3,060 | 3,264 | +6.7% |
Summary: The Marion County real estate market had 3,264 homes for sale in February 2024, a 6.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 46 | 58 | +26.1% |
2 Bedrooms | 688 | 756 | +9.9% |
3 Bedrooms | 1,449 | 1,568 | +8.2% |
4 Bedrooms | 678 | 693 | +2.2% |
5+ Bedrooms | 199 | 189 | -5.0% |
Summary: The Marion County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.1%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
635 | 762 | +20.0% |
Asking Price vs. Sold Price
465 Homes Were Sold
Under Asking
162 Homes Were Sold
At Asking
135 Homes Were Sold
Over Asking
Summary: A total of 762 homes were sold or pending in Marion County in February 2024, up by 20.0% month-over-month. Of the 762 sold homes, 61% were sold under asking, 21% were sold at asking, and 18% were sold over asking.
Days on Market for Marion County, IN
How long does it take to sell a home in Marion County, IN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
53 Days | 57 Days | +6.5% |
Summary: Homes in Marion County had an average of 57 days on market in Feb 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
395 Homes Were Sold
Under 30 Days
229 Homes Were Sold
In 30 - 90 Days
134 Homes Were Sold
Over 90 Days
Summary: During February 2024, 762 homes were sold in Marion County; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.